US EditionBritish luxury car maker Aston Martin cuts jobs by 20% as U.S. tariffs hit
Aston Martin plans 600 job cuts to save £40 million annually after a 52% loss increase, citing US tariffs and weak Chinese demand as key challenges.
- British luxury carmaker Aston Martin announced plans to cut up to 20% of its workforce, around 600 jobs, after widening annual losses due to US tariffs and weak Chinese demand.
- Aston Martin's net loss jumped 52% last year to £493.2 million compared to 2024, as automakers were among the companies hit hardest by Trump's tariffs aimed at bringing auto production back to the US.
- Aston Martin said the outlook for the automotive industry "remains challenging" amid "uncertainties over the economic impact from the unpredictable threat or introduction of additional US tariffs, changes to China's ultra-luxury car taxes and the continued reliance on a stable network of global suppliers".
62 Articles
62 Articles
Because of Trump's losses and duties.
Aston Martin to cut 600 jobs and scale back EV plans amid 'extremely disruptive' Donald Trump tariffs
Iconic British car maker Aston Martin is set to cut around 600 jobs after being hit by Donald Trump's trade tariffs and a sharp slowdown in China. The luxury manufacturer, best known for its links to James Bond, confirmed it will reduce its workforce by around one-fifth as it battles mounting financial pressures.The job cuts follow the car brand reporting its full year results for 2025, which revealed that net losses surged by 52 per cent to £49…
The manufacturer of luxury sports cars Aston Martin has announced that it will reduce its workforce by 20% after recording pre-tax losses of 417.2 million euros last year. Its red numbers have thus risen by 26% compared to the figures reached in 2024, according to its results account published on Wednesday.The company of British origin announced that, given the situation, for this year, it will do away with some 600 employees, of a total workfor…
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